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Here's Why You Should Add Enphase Energy (ENPH) to Portfolio
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Earnings estimates for Enphase Energy, Inc. (ENPH - Free Report) have been revised upward in the past 60 days, reflecting analysts’ optimism on the stock. The Zacks Consensus Estimate for 2019 and 2020 earnings has moved up 44.4% and 40.8% during the said period, respectively.
Let’s focus on the factors that make the stock an appropriate investment option at the moment.
The company’s average four-quarter positive earnings surprise is 31.67%.
Price Movement
In the past 12 months, Enphase Energy’ shares have surged 186.2% compared with the industry’s rise of 25.2%.
Estimate Revision
Its earnings estimates for 2019 and 2020 indicate 420% and 32.21% increase on a year-over-year basis to 52 cents and 69 cents per share, respectively. Its revenue estimates for 2019 and 2020 indicate 53.01% and 14.67% increase year over year to $483.76 million and $554.74 million, respectively.
Strong Shipment
Enphase Energy — a global energy technology company — delivers smart, easy-to-use solutions that connect solar generation, storage and management. The company revolutionized solar with its microinverter technology and produces a fully-integrated solar plus storage solution. Since inception, the company has shipped more than 20 million microinverters globally.
Other Stocks to Consider
Some other top-ranked stocks from the same sector are JinkoSolar Holding Company Limited (JKS - Free Report) , Evergy Inc (EVRG - Free Report) and Earthstone Energy, Inc . JinkoSolar sports a Zacks Rank of 1, while Evergy and Earthstone Energy carry a Zacks Rank of 2.
For 2019, earnings estimates for JinkoSolar have inched up 0.3% to $2.90 per share in the past 60 days. The company’s long-term earnings growth is pegged at 20%
Evergy’s earnings estimates for 2019 have moved up 0.3% to $2.98 per share in the past 60 days. The company’s long-term earnings growth is pegged at 6.60%.
For 2019, earnings estimate for Earthstone Energy have moved up 21% to 92 cents per share in the past 60 days. The company’s long-term earnings growth is pegged at 30%.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
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Here's Why You Should Add Enphase Energy (ENPH) to Portfolio
Earnings estimates for Enphase Energy, Inc. (ENPH - Free Report) have been revised upward in the past 60 days, reflecting analysts’ optimism on the stock. The Zacks Consensus Estimate for 2019 and 2020 earnings has moved up 44.4% and 40.8% during the said period, respectively.
Let’s focus on the factors that make the stock an appropriate investment option at the moment.
Zacks Rank & Surprise History
Enphase Energy currently carries a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The company’s average four-quarter positive earnings surprise is 31.67%.
Price Movement
In the past 12 months, Enphase Energy’ shares have surged 186.2% compared with the industry’s rise of 25.2%.
Estimate Revision
Its earnings estimates for 2019 and 2020 indicate 420% and 32.21% increase on a year-over-year basis to 52 cents and 69 cents per share, respectively. Its revenue estimates for 2019 and 2020 indicate 53.01% and 14.67% increase year over year to $483.76 million and $554.74 million, respectively.
Strong Shipment
Enphase Energy — a global energy technology company — delivers smart, easy-to-use solutions that connect solar generation, storage and management. The company revolutionized solar with its microinverter technology and produces a fully-integrated solar plus storage solution. Since inception, the company has shipped more than 20 million microinverters globally.
Other Stocks to Consider
Some other top-ranked stocks from the same sector are JinkoSolar Holding Company Limited (JKS - Free Report) , Evergy Inc (EVRG - Free Report) and Earthstone Energy, Inc . JinkoSolar sports a Zacks Rank of 1, while Evergy and Earthstone Energy carry a Zacks Rank of 2.
For 2019, earnings estimates for JinkoSolar have inched up 0.3% to $2.90 per share in the past 60 days. The company’s long-term earnings growth is pegged at 20%
Evergy’s earnings estimates for 2019 have moved up 0.3% to $2.98 per share in the past 60 days. The company’s long-term earnings growth is pegged at 6.60%.
For 2019, earnings estimate for Earthstone Energy have moved up 21% to 92 cents per share in the past 60 days. The company’s long-term earnings growth is pegged at 30%.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>